UBS and SBC Report In-Line
Earnings and Boost Dividends

ZURICH -- Merger partners Union Bank of Switzerland and Swiss Bank Corp. Wednesday each reported 1997 results in line with their own forecasts and those of analysts.

UBS reported 1997 group profit of around 3 billion Swiss francs ($2 billion) before various items, up 66% from 1.8 billion francs in 1996. The figure is calculated according to International Accounting Standards. Previously, the bank had forecast a range of 3 billion...